With fewer brick and mortar locations, increase in online services, and supply chain challenges, change continues to hit the retail industry hard. This places new pressure on employers to find and keep talent to lay the groundwork for your organization to thrive.
Building your retail talent foundation begins with offering competitive pay and benefits, which starts with analyzing trusted market data.
Motivate and attract top talent based on data from the US Retail Compensation and Benefits Survey, which provides data for 929 jobs across numerous position families, including administration, distribution, e-commerce, finance/accounting, and much more. Compare your retail salaries to those of the competition across three core modules - apparel manufacturing, restaurant, or supermarket. Evaluate your retail pay rates and compensation strategy against all 278 organizations, or narrow the data by individual parameters such as industry sectors, company size, and location.
Go beyond pay for your retail employees, with survey data on short-term incentive amounts, incentive eligibility, and total cash compensation:
Do you have the market data needed to keep pace with the retail sector?
*Note: Table above is based off of 2022 Retail survey stats.